SLTB incurs Rs. 2331m loss last year | Daily News

SLTB incurs Rs. 2331m loss last year

The Sri Lanka Transport Board (SLTB) has incurred a Rs. 2,331 million loss last year during the COVID pandemic, the Central Bank stated.

The SLTB revenue has decreased to Rs. 31,233 million in the same year, a Central Bank report revealed. The expenditure in the last year was Rs. 33.565 million. However, the SLTB had recorded a Rs. 1.557 million profit and a Rs. 43,490 million revenue in 2019. The expenditure was in 2019 was Rs. 41,933 million.

The total number of running and passenger kilometres of SLTB buses has decreased by 28.4 per cent in 2019 and 32.2 per cent in 2020, the Central Bank stated in its report.

The SLTB had operated 5,048 buses in 2019 and 4,045 last year, the reported stated.